Tecnoglass (TGLS) Lifted to Strong-Buy at ValuEngine
Tecnoglass (NASDAQ:TGLS) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, November 22nd. Dougherty & Co lowered Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub lowered Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.50.
Tecnoglass (NASDAQ:TGLS) traded up $0.07 during mid-day trading on Friday, hitting $6.97. The company had a trading volume of 33,207 shares, compared to its average volume of 25,345. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38. The firm has a market cap of $236.30, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.80 and a beta of 0.51. Tecnoglass has a twelve month low of $5.50 and a twelve month high of $12.34.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its stake in Tecnoglass by 15.6% during the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after buying an additional 4,588 shares during the last quarter. Wells Fargo & Company MN grew its stake in Tecnoglass by 36.7% during the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after buying an additional 5,902 shares during the last quarter. Vanguard Group Inc. grew its stake in Tecnoglass by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after buying an additional 15,261 shares during the last quarter. Malaga Cove Capital LLC grew its stake in Tecnoglass by 23.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after buying an additional 17,881 shares during the last quarter. Finally, Boston Partners bought a new position in Tecnoglass during the 2nd quarter worth $975,000. Hedge funds and other institutional investors own 2.56% of the company’s stock.
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Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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